Non-volatile Memory Market

Global Non-volatile Memory Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031 - (By Type Coverage, By Wafer Size Coverage, By End User Coverage, By Geographic Coverage and By Company)

Published Date: May 2024 | Format: | No. of Pages: 216

Industry: Information & Communications Technology


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Global Non-volatile Memory Market Forecast

  • Global Non-volatile Memory Market size to reach US$151 Bn in 2031, up from US$79 Bn attained in 2024
  • Market revenue projected to exhibit a remarkable rate of expansion, at an estimated CAGR of 9.70% during 2024 - 2031

Fairfield

Quick Report Digest

  • Market growth between 2019 and 2023 was significant, driven by increasing demand across sectors like electronics, automotive, and telecommunications.
  • Future growth (2024-2031) is anticipated due to expanding data-driven technologies like AI and IoT, alongside developments in next-gen NVM technologies such as FeRAM, and MRAM.
  • Key growth determinants include continuous technological advancements, rising demand for data storage, and the shift towards solid-state drives (SSDs).
  • Major barriers include high production costs, technological complexity, and intense market competition.
  • Trends like edge computing integration and sustainable storage solutions offer significant opportunities for market players.
  • The regulatory scenario shapes the industry, influencing data security, environmental responsibility, innovation, and market stability.
  • APAC dominates the market due to major semiconductor manufacturers and increasing demand, while North America holds a significant share driven by technological advancements and high consumer demand.
  • Key players in the market include Samsung Electronics, Intel, Micron Technology, SK Hynix, and Western Digital.
  • Segmentation includes traditional and emerging NVM types, with applications across various sectors, and regions.

A Look Back and a Look Forward - Comparative Analysis

The non-volatile memory market enjoyed a growth spurt between 2019 and 2023, with analysts anticipating a robust market size by the end of 2023. While exact figures may differ, the trend undeniably points towards a positive trajectory. This expansion can be credited to the ever-increasing demand for data storage across diverse sectors like electronics, automotive, and telecommunication.

Forecasts paint an optimistic picture. The market is expected to maintain a steady CAGR fuelled by the explosion of data-driven technologies like AI, and the Internet of Things (IoT), both of which necessitate efficient and reliable storage solutions.

Additionally, the development of next-generation NVM technologies like FeRAM, and MRAM promises faster read/write speeds, and lower power consumption, further propelling market growth.  However, challenges remain. Fluctuations in raw material prices and potential supply chain disruptions can threaten market stability.

Established players like NAND flash memory will also continue to pose stiff competition to emerging NVM solutions. Despite these hurdles, with continuous advancements and ever-growing demand for storage, the Non-volatile Memory market is on track for a bright future, with a significant increase in market size anticipated by 2031.

Non-volatile Memory Market, US$ Bn, 2024 - 2031

Key Growth Determinants

  1. Technological Advancements

Continuous innovations in non-volatile memory technologies, such as NAND flash and emerging technologies like 3D XPoint, and MRAM, are driving market growth. These advancements lead to increased storage capacities, faster data access speeds, and enhanced reliability, meeting the escalating demands of various applications including smartphones, data centres, and automotive electronics.

  1. Rising Demand for Data Storage

The proliferation of digital data across various sectors, including IT, telecommunications, healthcare, and automotive, is fuelling the demand for non-volatile memory solutions. With the exponential growth of big data, IoT devices, and cloud computing services, there is a growing need for high-performance, cost-effective, and energy-efficient storage solutions, which non-volatile memory technologies fulfil.

  1. Shift Towards Solid-State Drives (SSDs)

The adoption of SSDs in both consumer and enterprise markets is a significant growth driver for the non-volatile memory market. SSDs offer advantages such as faster read/write speeds, lower power consumption, and greater durability compared to traditional hard disk drives (HDDs).

As SSD prices continue to decline and their performance continues to improve, more users are transitioning from HDDs to SSDs, thus propelling the demand for non-volatile memory components.

Major Growth Barriers

  1. Cost Constraints

Non-volatile memory technologies often incur high production costs due to their intricate fabrication processes and materials involved. The initial investment required for research, development, and manufacturing can be prohibitive, limiting market accessibility for smaller companies and startups.

  1. Technological Complexity

Advancing non-volatile memory technologies face challenges related to miniaturisation, scalability, and performance optimisation. Developing reliable, high-density memory solutions with low power consumption and fast read/write speeds demands extensive research and development efforts. These technical hurdles can delay time-to-market and increase production costs.

  1. Market Competition

The non-volatile memory market is fiercely competitive, with established players continually innovating and introducing new products. Competition can intensify price pressures and inhibit the market entry of emerging technologies or smaller companies.

Additionally, intellectual property rights and patents held by key industry players may restrict market access for new entrants, further complicating the landscape.

Key Trends and Opportunities to Look at

  1. Edge Computing Integration

The rising demand for edge computing presents a substantial opportunity for Non-volatile Memory (NVM) Market players. Edge devices require reliable storage solutions capable of handling data processing tasks efficiently in decentralised environments.

NVM technologies such as NAND flash memory and emerging alternatives like MRAM (Magnetoresistive Random-Access Memory) and 3D XPoint offer high-speed, non-volatile storage suitable for edge computing applications. Companies that develop NVM solutions optimised for edge computing scenarios stand to capitalise on this growing market segment.

  1. Sustainable Storage Solutions

As sustainability becomes a key focus for businesses and consumers alike, there is a growing need for eco-friendly storage solutions. NVM Market players can seize the opportunity by developing environmentally sustainable alternatives to traditional memory technologies. This may involve using recycled materials in manufacturing, reducing energy consumption during operation, or implementing innovative designs that extend product lifespan.

By aligning with sustainability goals and offering greener storage options, companies can differentiate themselves in the market and appeal to environmentally conscious customers.

Non-volatile Memory Market DROs

How Does the Regulatory Scenario Shape this Industry?

The regulatory landscape significantly impacts the non-volatile memory (NVM) market. From data security to environmental concerns, regulations shape market trends. For instance, data privacy regulations like GDPR necessitate NVM solutions with robust encryption, driving innovation in NAND flash memory. Environmental regulations restricting hazardous materials push manufacturers towards greener materials and processes.

Furthermore, strong intellectual property (IP) laws incentivise research in novel NVM technologies like RRAM and PCM, fostering a competitive market. Regulatory bodies also define industry standards for NVM interfaces, ensuring compatibility and streamlining the market for device manufacturers. In essence, regulations act as a compass for the NVM market, guiding advancements in data security, environmental responsibility, technological innovation, and overall market stability.

Fairfield’s Ranking Board

Top Segments

Traditional Non-Volatile Memory Segment Dominant

Traditional non-volatile memory, comprising flash memory and EEPROM, continues to dominate the market due to its mature technology and widespread adoption in various applications such as smartphones, SSDs, and memory cards.

Flash memory's ability to retain data without power makes it ideal for portable devices. However, challenges like limited scalability, and endurance have led to ongoing research and development for alternative solutions.

Emerging Non-Volatile Memory Takes over Traditional Memory Solutions

Emerging non-volatile memory technologies like MRAM, FeRAM, and PCM offer promising alternatives to traditional memory solutions. MRAM boasts high-speed operation and non-volatility, making it suitable for applications requiring fast data access, and low power consumption.

FeRAM exhibits high endurance and low power consumption, making it suitable for IoT devices, and automotive applications. PCM offers high-density storage and fast read/write speeds, making it a potential replacement for NAND flash in data centres, and enterprise storage solutions.

Quantum Dots is a Strong Candidate for Next-Gen Memory Technology

Quantum dots, with their unique quantum confinement properties, offer a novel approach to non-volatile memory. By manipulating electron confinement in semiconductor nanostructures, quantum dot memory aims to achieve ultra-high density, and low power consumption.

Furthermore, quantum dots exhibit exceptional stability and scalability, making them promising candidates for next-generation memory technologies. However, practical implementation and integration challenges remain significant hurdles to overcome before quantum dot memory can enter mainstream markets

Regional Frontrunners

  1. North America Leads the Charge in Non-volatile Memory Market

North America holds a significant share in the non-volatile memory market, driven by a strong presence of key market players, technological advancements, and increasing adoption of advanced storage solutions in sectors like data centres, automotive, and aerospace.

The region's high disposable income levels and consumer demand for smart devices also bolster market growth. Additionally, favourable government policies and investments in research and development initiatives stimulate innovation and product development in the non-volatile memory sector.

Non-volatile Memory Market Regional Outlook, 2024 - 2031

  1. Asia Pacific Expects an Influx of Opportunities

Asia Pacific dominates the non-volatile memory market due to the presence of major semiconductor manufacturers in countries like China, Japan, South Korea, and Taiwan. The region benefits from robust demand for consumer electronics, automotive electronics, and enterprise storage solutions.

Rapid industrialisation, urbanisation, and increasing disposable incomes in emerging economies further fuel market growth. Moreover, government initiatives promoting technological innovation and infrastructure development contribute to the expansion of the non-volatile memory market in Asia Pacific.

Fairfield’s Competitive Landscape Analysis

The non-volatile memory market is fiercely competitive, with leading players continuously innovating to maintain their edge. Major players include Samsung Electronics Co., Ltd., Intel Corporation, Micron Technology Inc., SK Hynix Inc., and Western Digital Corporation.

These companies employ various growth strategies to stay ahead, such as aggressive research and development efforts to introduce faster, more reliable, and energy-efficient NVM solutions. They also focus on strategic partnerships and acquisitions to broaden their product portfolios and expand their market reach.

Additionally, market leaders invest heavily in manufacturing capabilities to scale production and reduce costs, ensuring competitive pricing. Moreover, they prioritise customer-centric approaches, offering tailored solutions to meet diverse application needs. Overall, the landscape is characterised by intense competition, driving continuous innovation and technological advancements in the NVM market.

Who are the Leaders in the Non-volatile Memory Market Space?

Significant Company Developments

New Product Launches:

  1. March 2024: Intel unveiled its groundbreaking Optane Persistent Memory 300 series, marking a significant leap in non-volatile memory technology. With enhanced capacity and performance, it offers unparalleled data storage and retrieval speeds, catering to enterprise-level applications demanding high-speed data processing and reliability.
  2. January 2024: Samsung introduced its latest 3D V-NAND SSDs, leveraging advanced stacking technology to deliver higher storage densities and improved energy efficiency. These SSDs target consumer electronics and data centre markets, promising enhanced performance and endurance while reducing power consumption, addressing the evolving needs of modern computing environments.

Distribution Agreements:

  1. February 2024

Micron Technology signed a strategic distribution agreement with a leading global electronics distributor, expanding its market reach for non-volatile memory solutions. This partnership aims to streamline supply chain logistics and provide easier access to Micron's extensive portfolio of NAND and NOR flash memory products, fostering greater accessibility for diverse industries.

  1. December 2023

Western Digital forged a distribution partnership with a prominent technology distributor to bolster its presence in emerging markets for non-volatile memory solutions. By leveraging the distributor's extensive network and expertise, Western Digital aims to accelerate the adoption of its innovative storage solutions across diverse sectors, catering to the escalating demand for reliable data storage and retrieval solutions.

An Expert’s Eye

With the exponential growth of data generated from various sources such as IoT devices, cloud computing, and artificial intelligence, there is a burgeoning demand for non-volatile memory solutions to store and manage this data efficiently.

Ongoing advancements in non-volatile memory technologies, such as NAND flash, 3D XPoint, and MRAM, are enhancing performance, reliability, and storage density, thus widening the application scope across diverse sectors like automotive, aerospace, and consumer electronics.

SSDs are gaining traction over traditional HDDs due to their faster read/write speeds, lower power consumption, and compact size. This shift towards SSDs is expected to drive the demand for non-volatile memory chips.

The Global Non-Volatile Memory Market is Segmented as Below:

By Type:

  • Traditional Non-Volatile Memory
    • Flash memory
    • Programmable Read-Only Memory
    • Non-Volatile Static Random Access Memory
    • Embedded
    • Electrically Erasable Programmable Read-only Memory
  • Emerging Non-Volatile Memory
    • 3D NAND
    • Spin-transfer Torque Magnetic Random Access Memory
    • Ferroelectric Random Access Memory
    • Resistive random-access Memory/ Conductive Bridge Random Access Memory
    • Non-volatile Dual In-line Memory Module
    • 3D Xpoint
    • Non-volatile Random-access Memory
    • Others
  • Nanobridge
  • Quantum dots
  • Millipede
  • Molecular
  • Transparent/Flexible Non-volatile Memory

By Wafer Size:

  • 200 mm
  • 300 mm
  • 450 mm

By End User:

  • Consumer Electronics
  • Enterprise Storage
  • Automotive and Transportation
  • Military and Aerospace
  • Industrial
  • Telecommunication
  • Energy and Power
  • Healthcare
  • Agriculture
  • Retail

By Region:

  • North America 
    • U.S. 
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Turkey
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Argentina
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Egypt
    • Nigeria
    • Rest of the Middle East & Africa

1. Executive Summary
    1.1. Global Non-volatile Memory Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Value, 2023
    1.5. Analyst Recommendations


2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
       2.2.1. Drivers
       2.2.2. Restraints
       2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. COVID-19 Impact Analysis
       2.5.1. Supply
       2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
       2.7.1. World Economic Projections
    2.8. PESTLE Analysis


3. Global Non-volatile Memory Market Outlook, 2019 - 2031
    3.1. Global Non-volatile Memory Market Outlook, by Type, Value (US$ Bn), 2019 - 2031
       3.1.1. Key Highlights
             3.1.1.1. Traditional Non-Volatile Memory
                      3.1.1.1.1. Flash memory
                      3.1.1.1.2. Programmable Read-Only Memory
                      3.1.1.1.3. Non-Volatile Static Random Access Memory
                      3.1.1.1.4. Embedded
                      3.1.1.1.5. Electrically Erasable Programmable Read-only Memory
             3.1.1.2. Emerging Non-Volatile Memory
             3.1.1.3. 3D NAND
                      3.1.1.3.1. Spin-transfer Torque Magnetic Random Access Memory
                      3.1.1.3.2. Ferroelectric Random Access Memory
                      3.1.1.3.3. Resistive random-access Memory/Conductive Bridge Random Access Memory
                      3.1.1.3.4. Non-volatile Dual In-line Memory Module
                      3.1.1.3.5. D Xpoint
                      3.1.1.3.6. Non-volatile Random-access Memory
                      3.1.1.3.7. Others
             3.1.1.4. Nanobridge
             3.1.1.5. Quantum dots
             3.1.1.6. Millipede
             3.1.1.7. Molecular
             3.1.1.8. Transparent/Flexible Non-volatile Memory
    3.2. Global Non-volatile Memory Market Outlook, by Wafer Size, Value (US$ Bn), 2019 - 2031
       3.2.1. Key Highlights
             3.2.1.1. 200 mm
             3.2.1.2. 300 mm
             3.2.1.3. 450 mm
    3.3. Global Non-volatile Memory Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
       3.3.1. Key Highlights
             3.3.1.1. Consumer Electronics
             3.3.1.2. Enterprise Storage
             3.3.1.3. Automotive and Transportation
             3.3.1.4. Military and Aerospace
             3.3.1.5. Industrial
             3.3.1.6. Telecommunication
             3.3.1.7. Energy and Power
             3.3.1.8. Healthcare
             3.3.1.9. Agriculture
             3.3.1.10. Retail
    3.4. Global Non-volatile Memory Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
       3.4.1. Key Highlights
             3.4.1.1. North America
             3.4.1.2. Europe
             3.4.1.3. Asia Pacific
             3.4.1.4. Latin America
             3.4.1.5. Middle East & Africa


4. North America Non-volatile Memory Market Outlook, 2019 - 2031
    4.1. North America Non-volatile Memory Market Outlook, by Type, Value (US$ Bn), 2019 - 2031
       4.1.1. Key Highlights
             4.1.1.1. Traditional Non-Volatile Memory
                      4.1.1.1.1. Flash memory
                      4.1.1.1.2. Programmable Read-Only Memory
                      4.1.1.1.3. Non-Volatile Static Random Access Memory
                      4.1.1.1.4. Embedded
                      4.1.1.1.5. Electrically Erasable Programmable Read-only Memory
             4.1.1.2. Emerging Non-Volatile Memory
             4.1.1.3. 3D NAND
                      4.1.1.3.1. Spin-transfer Torque Magnetic Random Access Memory
                      4.1.1.3.2. Ferroelectric Random Access Memory
                      4.1.1.3.3. Resistive random-access Memory/Conductive Bridge Random Access Memory
                      4.1.1.3.4. Non-volatile Dual In-line Memory Module
                      4.1.1.3.5. D Xpoint
                      4.1.1.3.6. Non-volatile Random-access Memory
                      4.1.1.3.7. Others
             4.1.1.4. Nanobridge
             4.1.1.5. Quantum dots
             4.1.1.6. Millipede
             4.1.1.7. Molecular
             4.1.1.8. Transparent/Flexible Non-volatile Memory
    4.2. North America Non-volatile Memory Market Outlook, by Wafer Size, Value (US$ Bn), 2019 - 2031
       4.2.1. Key Highlights
             4.2.1.1. 200 mm
             4.2.1.2. 300 mm
             4.2.1.3. 450 mm
    4.3. North America Non-volatile Memory Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
       4.3.1. Key Highlights
             4.3.1.1. Consumer Electronics
             4.3.1.2. Enterprise Storage
             4.3.1.3. Automotive and Transportation
             4.3.1.4. Military and Aerospace
             4.3.1.5. Industrial
             4.3.1.6. Telecommunication
             4.3.1.7. Energy and Power
             4.3.1.8. Healthcare
             4.3.1.9. Agriculture
             4.3.1.10. Retail
       4.3.2. BPS Analysis/Market Attractiveness Analysis
    4.4. North America Non-volatile Memory Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
       4.4.1. Key Highlights
             4.4.1.1. U.S. Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             4.4.1.2. U.S. Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             4.4.1.3. U.S. Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             4.4.1.4. Canada Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             4.4.1.5. Canada Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             4.4.1.6. Canada Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
       4.4.2. BPS Analysis/Market Attractiveness Analysis


5. Europe Non-volatile Memory Market Outlook, 2019 - 2031
    5.1. Europe Non-volatile Memory Market Outlook, by Type, Value (US$ Bn), 2019 - 2031
       5.1.1. Key Highlights
             5.1.1.1. Traditional Non-Volatile Memory
                      5.1.1.1.1. Flash memory
                      5.1.1.1.2. Programmable Read-Only Memory
                      5.1.1.1.3. Non-Volatile Static Random Access Memory
                      5.1.1.1.4. Embedded
                      5.1.1.1.5. Electrically Erasable Programmable Read-only Memory
             5.1.1.2. Emerging Non-Volatile Memory
             5.1.1.3. 3D NAND
                      5.1.1.3.1. Spin-transfer Torque Magnetic Random Access Memory
                      5.1.1.3.2. Ferroelectric Random Access Memory
                      5.1.1.3.3. Resistive random-access Memory/Conductive Bridge Random Access Memory
                      5.1.1.3.4. Non-volatile Dual In-line Memory Module
                      5.1.1.3.5. D Xpoint
                      5.1.1.3.6. Non-volatile Random-access Memory
                      5.1.1.3.7. Others
             5.1.1.4. Nanobridge
             5.1.1.5. Quantum dots
             5.1.1.6. Millipede
             5.1.1.7. Molecular
             5.1.1.8. Transparent/Flexible Non-volatile Memory
    5.2. Europe Non-volatile Memory Market Outlook, by Wafer Size, Value (US$ Bn), 2019 - 2031
       5.2.1. Key Highlights
             5.2.1.1. 200 mm
             5.2.1.2. 300 mm
             5.2.1.3. 450 mm
    5.3. Europe Non-volatile Memory Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
       5.3.1. Key Highlights
             5.3.1.1. Consumer Electronics
             5.3.1.2. Enterprise Storage
             5.3.1.3. Automotive and Transportation
             5.3.1.4. Military and Aerospace
             5.3.1.5. Industrial
             5.3.1.6. Telecommunication
             5.3.1.7. Energy and Power
             5.3.1.8. Healthcare
             5.3.1.9. Agriculture
             5.3.1.10. Retail
       5.3.2. BPS Analysis/Market Attractiveness Analysis
    5.4. Europe Non-volatile Memory Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
       5.4.1. Key Highlights
             5.4.1.1. Germany Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             5.4.1.2. Germany Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             5.4.1.3. Germany Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             5.4.1.4. U.K. Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             5.4.1.5. U.K. Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             5.4.1.6. U.K. Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             5.4.1.7. France Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             5.4.1.8. France Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             5.4.1.9. France Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             5.4.1.10. Italy Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             5.4.1.11. Italy Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             5.4.1.12. Italy Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             5.4.1.13. Turkey Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             5.4.1.14. Turkey Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             5.4.1.15. Turkey Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             5.4.1.16. Russia Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             5.4.1.17. Russia Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             5.4.1.18. Russia Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             5.4.1.19. Rest of Europe Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             5.4.1.20. Rest of Europe Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             5.4.1.21. Rest of Europe Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
       5.4.2. BPS Analysis/Market Attractiveness Analysis


6. Asia Pacific Cassava Starch Market Outlook, 2019 - 2031
    6.1. Asia Pacific Cassava Starch Market Outlook, by Type, Value (US$ Bn), 2019 - 2031
       6.1.1. Key Highlights
             6.1.1.1. Traditional Non-Volatile Memory
                      6.1.1.1.1. Flash memory
                      6.1.1.1.2. Programmable Read-Only Memory
                      6.1.1.1.3. Non-Volatile Static Random Access Memory
                      6.1.1.1.4. Embedded
                      6.1.1.1.5. Electrically Erasable Programmable Read-only Memory
             6.1.1.2. Emerging Non-Volatile Memory
             6.1.1.3. 3D NAND
                      6.1.1.3.1. Spin-transfer Torque Magnetic Random Access Memory
                      6.1.1.3.2. Ferroelectric Random Access Memory
                      6.1.1.3.3. Resistive random-access Memory/Conductive Bridge Random Access Memory
                      6.1.1.3.4. Non-volatile Dual In-line Memory Module
                      6.1.1.3.5. D Xpoint
                      6.1.1.3.6. Non-volatile Random-access Memory
                      6.1.1.3.7. Others
             6.1.1.4. Nanobridge
             6.1.1.5. Quantum dots
             6.1.1.6. Millipede
             6.1.1.7. Molecular
             6.1.1.8. Transparent/Flexible Non-volatile Memory
    6.2. Asia Pacific Non-volatile Memory Market Outlook, by Wafer Size, Value (US$ Bn), 2019 - 2031
       6.2.1. Key Highlights
             6.2.1.1. 200 mm
             6.2.1.2. 300 mm
             6.2.1.3. 450 mm
    6.3. Asia Pacific Non-volatile Memory Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
       6.3.1. Key Highlights
             6.3.1.1. Consumer Electronics
             6.3.1.2. Enterprise Storage
             6.3.1.3. Automotive and Transportation
             6.3.1.4. Military and Aerospace
             6.3.1.5. Industrial
             6.3.1.6. Telecommunication
             6.3.1.7. Energy and Power
             6.3.1.8. Healthcare
             6.3.1.9. Agriculture
             6.3.1.10. Retail
       6.3.2. BPS Analysis/Market Attractiveness Analysis
    6.4. Asia Pacific Non-volatile Memory Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
       6.4.1. Key Highlights
             6.4.1.1. China Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             6.4.1.2. China Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             6.4.1.3. China Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             6.4.1.4. Japan Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             6.4.1.5. Japan Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             6.4.1.6. Japan Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             6.4.1.7. South Korea Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             6.4.1.8. South Korea Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             6.4.1.9. South Korea Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             6.4.1.10. India Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             6.4.1.11. India Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             6.4.1.12. India Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             6.4.1.13. Southeast Asia Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             6.4.1.14. Southeast Asia Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             6.4.1.15. Southeast Asia Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             6.4.1.16. Rest of Asia Pacific Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             6.4.1.17. Rest of Asia Pacific Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             6.4.1.18. Rest of Asia Pacific Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
       6.4.2. BPS Analysis/Market Attractiveness Analysis


7. Latin America Non-volatile Memory Market Outlook, 2019 - 2031
    7.1. Latin America Non-volatile Memory Market Outlook, by Type, Value (US$ Bn), 2019 - 2031
       7.1.1. Key Highlights
             7.1.1.1. Traditional Non-Volatile Memory
                      7.1.1.1.1. Flash memory
                      7.1.1.1.2. Programmable Read-Only Memory
                      7.1.1.1.3. Non-Volatile Static Random Access Memory
                      7.1.1.1.4. Embedded
                      7.1.1.1.5. Electrically Erasable Programmable Read-only Memory
             7.1.1.2. Emerging Non-Volatile Memory
             7.1.1.3. 3D NAND
                      7.1.1.3.1. Spin-transfer Torque Magnetic Random Access Memory
                      7.1.1.3.2. Ferroelectric Random Access Memory
                      7.1.1.3.3. Resistive random-access Memory/Conductive Bridge Random Access Memory
                      7.1.1.3.4. Non-volatile Dual In-line Memory Module
                      7.1.1.3.5. D Xpoint
                      7.1.1.3.6. Non-volatile Random-access Memory
                      7.1.1.3.7. Others
             7.1.1.4. Nanobridge
             7.1.1.5. Quantum dots
             7.1.1.6. Millipede
             7.1.1.7. Molecular
             7.1.1.8. Transparent/Flexible Non-volatile Memory
    7.2. Latin America Non-volatile Memory Market Outlook, by Wafer Size, Value (US$ Bn), 2019 - 2031
       7.2.1. Key Highlights
             7.2.1.1. 200 mm
             7.2.1.2. 300 mm
             7.2.1.3. 450 mm
    7.3. Latin America Non-volatile Memory Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
       7.3.1. Key Highlights
             7.3.1.1. Consumer Electronics
             7.3.1.2. Enterprise Storage
             7.3.1.3. Automotive and Transportation
             7.3.1.4. Military and Aerospace
             7.3.1.5. Industrial
             7.3.1.6. Telecommunication
             7.3.1.7. Energy and Power
             7.3.1.8. Healthcare
             7.3.1.9. Agriculture
             7.3.1.10. Retail
       7.3.2. BPS Analysis/Market Attractiveness Analysis
    7.4. Latin America Non-volatile Memory Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
       7.4.1. Key Highlights
             7.4.1.1. Brazil Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             7.4.1.2. Brazil Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             7.4.1.3. Brazil Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             7.4.1.4. Mexico Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             7.4.1.5. Mexico Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             7.4.1.6. Mexico Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             7.4.1.7. Argentina Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             7.4.1.8. Argentina Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             7.4.1.9. Argentina Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             7.4.1.10. Rest of Latin America Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             7.4.1.11. Rest of Latin America Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             7.4.1.12. Rest of Latin America Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
       7.4.2. BPS Analysis/Market Attractiveness Analysis


8. Middle East & Africa Non-volatile Memory Market Outlook, 2019 - 2031
    8.1. Middle East & Africa Non-volatile Memory Market Outlook, by Type, Value (US$ Bn), 2019 - 2031
       8.1.1. Key Highlights
             8.1.1.1. Traditional Non-Volatile Memory
                      8.1.1.1.1. Flash memory
                      8.1.1.1.2. Programmable Read-Only Memory
                      8.1.1.1.3. Non-Volatile Static Random Access Memory
                      8.1.1.1.4. Embedded
                      8.1.1.1.5. Electrically Erasable Programmable Read-only Memory
             8.1.1.2. Emerging Non-Volatile Memory
             8.1.1.3. 3D NAND
                      8.1.1.3.1. Spin-transfer Torque Magnetic Random Access Memory
                      8.1.1.3.2. Ferroelectric Random Access Memory
                      8.1.1.3.3. Resistive random-access Memory/Conductive Bridge Random Access Memory
                      8.1.1.3.4. Non-volatile Dual In-line Memory Module
                      8.1.1.3.5. D Xpoint
                      8.1.1.3.6. Non-volatile Random-access Memory
                      8.1.1.3.7. Others
             8.1.1.4. Nanobridge
             8.1.1.5. Quantum dots
             8.1.1.6. Millipede
             8.1.1.7. Molecular
             8.1.1.8. Transparent/Flexible Non-volatile Memory
    8.2. Middle East & Africa Non-volatile Memory Market Outlook, by Wafer Size, Value (US$ Bn), 2019 - 2031
       8.2.1. Key Highlights
             8.2.1.1. 200 mm
             8.2.1.2. 300 mm
             8.2.1.3. 450 mm
    8.3. Middle East & Africa Non-volatile Memory Market Outlook, by End User, Value (US$ Bn), 2019 - 2031
       8.3.1. Key Highlights
             8.3.1.1. Consumer Electronics
             8.3.1.2. Enterprise Storage
             8.3.1.3. Automotive and Transportation
             8.3.1.4. Military and Aerospace
             8.3.1.5. Industrial
             8.3.1.6. Telecommunication
             8.3.1.7. Energy and Power
             8.3.1.8. Healthcare
             8.3.1.9. Agriculture
             8.3.1.10. Retail
       8.3.2. BPS Analysis/Market Attractiveness Analysis
    8.4. Middle East & Africa Non-volatile Memory Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
       8.4.1. Key Highlights
             8.4.1.1. GCC Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             8.4.1.2. GCC Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             8.4.1.3. GCC Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             8.4.1.4. South Africa Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             8.4.1.5. South Africa Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             8.4.1.6. South Africa Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             8.4.1.7. Egypt Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             8.4.1.8. Egypt Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             8.4.1.9. Egypt Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             8.4.1.10. Nigeria Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             8.4.1.11. Nigeria Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             8.4.1.12. Nigeria Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
             8.4.1.13. Rest of Middle East & Africa Non-volatile Memory Market by Type, Value (US$ Bn), 2019 - 2031
             8.4.1.14. Rest of Middle East & Africa Non-volatile Memory Market by Wafer Size, Value (US$ Bn), 2019 - 2031
             8.4.1.15. Rest of Middle East & Africa Non-volatile Memory Market by End User, Value (US$ Bn), 2019 - 2031
       8.4.2. BPS Analysis/Market Attractiveness Analysis


9. Competitive Landscape
    9.1. By End User vs by Wafer Size Heat map
    9.2. Manufacturer vs by Wafer Size Heatmap
    9.3. Company Market Share Analysis, 2022
    9.4. Competitive Dashboard
    9.5. Company Profiles
       9.5.1. Samsung Electronics
             9.5.1.1. Company Overview
             9.5.1.2. Product Portfolio
             9.5.1.3. Financial Overview
             9.5.1.4. Business Strategies and Development
       9.5.2. Toshiba Corporation
             9.5.2.1. Company Overview
             9.5.2.2. Product Portfolio
             9.5.2.3. Financial Overview
             9.5.2.4. Business Strategies and Development
       9.5.3. Micron Technology
             9.5.3.1. Company Overview
             9.5.3.2. Product Portfolio
             9.5.3.3. Financial Overview
             9.5.3.4. Business Strategies and Development
       9.5.4. SK Hynix
             9.5.4.1. Company Overview
             9.5.4.2. Product Portfolio
             9.5.4.3. Financial Overview
             9.5.4.4. Business Strategies and Development
       9.5.5. Western Digital
             9.5.5.1. Company Overview
             9.5.5.2. Product Portfolio
             9.5.5.3. Financial Overview
             9.5.5.4. Business Strategies and Development
       9.5.6. Adesto Technologies
             9.5.6.1. Company Overview
             9.5.6.2. Product Portfolio
             9.5.6.3. Financial Overview
             9.5.6.4. Business Strategies and Development
       9.5.7. Intel Corporation
             9.5.7.1. Company Overview
             9.5.7.2. Product Portfolio
             9.5.7.3. Financial Overview
             9.5.7.4. Business Strategies and Development
       9.5.8. Microchip Technology
             9.5.8.1. Company Overview
             9.5.8.2. Product Portfolio
             9.5.8.3. Financial Overview
             9.5.8.4. Business Strategies and Development
       9.5.9. Nantero
             9.5.9.1. Company Overview
             9.5.9.2. Product Portfolio
             9.5.9.3. Financial Overview
             9.5.9.4. Business Strategies and Development
       9.5.10. Crossbar Inc
             9.5.10.1. Company Overview
             9.5.10.2. Product Portfolio
             9.5.10.3. Financial Overview
             9.5.10.4. Business Strategies and Development


10. Appendix
      10.1. Research Methodology
      10.2. Report Assumptions
      10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2023

 

2019 - 2023

2024 - 2031

Value: US$ Billion

 

REPORT FEATURES

DETAILS

 Type Coverage

  • Traditional Non-Volatile Memory
    • Flash memory
    • Programmable Read-Only Memory
    • Non-Volatile Static Random Access Memory
    • Embedded
    • Electrically Erasable Programmable Read-only Memory
  • Emerging Non-Volatile Memory
    • 3D NAND
    • Spin-transfer Torque Magnetic Random Access Memory
    • Ferroelectric Random Access Memory
    • Resistive random-access Memory/ Conductive Bridge Random Access Memory
    • Non-volatile Dual In-line Memory Module
    • 3D Xpoint
    • Non-volatile Random-access Memory
    • Others
  • Nanobridge
  • Quantum dots
  • Millipede
  • Molecular
  • Transparent/Flexible Non-volatile Memory

Wafer Size Coverage

  • 200 mm
  • 300 mm
  • 450 mm

End User Coverage

  • Consumer Electronics
  • Enterprise Storage
  • Automotive and Transportation
  • Military and Aerospace
  • Industrial
  • Telecommunication
  • Energy and Power
  • Healthcare
  • Agriculture
  • Retail

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • Samsung Electronics
  • Toshiba Corporation
  • Micron Technology
  • SK Hynix
  • Western Digital
  • Adesto Technologies
  • Intel Corporation
  • Microchip Technology
  • Nantero
  • Crossbar Inc.

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Non-volatile Memory Market

Innovations such as 3D NAND flash, resistive random-access memory (RRAM), and phase-change memory (PCM) drive market expansion by offering higher storage density, faster read/write speeds, and improved energy efficiency.

Growing data-centric applications, including cloud computing, artificial intelligence, and IoT, fuel demand for non-volatile memory solutions that provide reliable, high-capacity storage with low latency and power consumption.

Emerging memory technologies offer advantages such as non-volatility, high speed, and endurance, catering to niche applications in automotive, aerospace, and enterprise storage, thereby diversifying market offerings.

Increasing adoption of solid-state drives (SSDs) in laptops, smartphones, and data centers, alongside demand for faster and more reliable storage solutions, drives market growth and competition among memory manufacturers.

Challenges include fabrication complexities, limited scalability of existing technologies, and price pressures. Industry players invest in research and development to overcome these challenges and drive innovation in non-volatile memory technologies.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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